Estee Lauder says it has a suitor. That's still not helping its stock.

Group 1 - Estee Lauder is considering a merger with luxury Puig Brands of Spain, indicating potential strategic expansion in the luxury beauty market [1] Group 2 - The merger could enhance Estee Lauder's portfolio and market presence, leveraging Puig's established brand reputation [1] - This potential merger reflects ongoing consolidation trends within the beauty and luxury sectors, as companies seek to strengthen their competitive positions [1]